FirstCash (NASDAQ:FCFS) Director Sells $326,100.00 in Stock

FirstCash Holdings, Inc. (NASDAQ:FCFS) Director Paula Garrett sold 1,500 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $217.40, for a total value of $326,100.00. Following the completion of the sale, the director directly owned 6,564 shares of the company’s stock, valued at approximately $1,427,013.60. This represents a 18.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

FirstCash Price Performance

NASDAQ:FCFS opened at $219.93 on Monday. FirstCash Holdings, Inc. has a one year low of $119.21 and a one year high of $227.26. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.42 and a current ratio of 4.77. The stock has a market cap of $9.64 billion, a PE ratio of 27.56 and a beta of 0.52. The stock has a 50 day moving average price of $197.12 and a 200 day moving average price of $175.49.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.30 by $0.39. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter last year, the firm earned $2.07 earnings per share. The business’s revenue for the quarter was up 25.7% on a year-over-year basis. Equities research analysts expect that FirstCash Holdings, Inc. will post 11.3 EPS for the current fiscal year.

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, May 15th. FirstCash’s dividend payout ratio (DPR) is currently 21.05%.

Analyst Ratings Changes

FCFS has been the subject of several recent research reports. Wall Street Zen raised FirstCash from a “buy” rating to a “strong-buy” rating in a report on Saturday. Canaccord Genuity Group upped their price objective on FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a report on Friday, April 24th. TD Cowen raised their target price on FirstCash from $205.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Weiss Ratings cut FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, April 27th. Finally, Zacks Research raised FirstCash from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, FirstCash has an average rating of “Buy” and an average target price of $198.00.

Institutional Investors Weigh In On FirstCash

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC acquired a new stake in FirstCash during the first quarter worth $26,000. Root Financial Partners LLC purchased a new stake in FirstCash in the third quarter valued at approximately $25,000. Rothschild Investment LLC raised its position in FirstCash by 127.8% in the third quarter. Rothschild Investment LLC now owns 180 shares of the company’s stock valued at $29,000 after purchasing an additional 101 shares during the period. CIBC Private Wealth Group LLC raised its position in FirstCash by 490.9% in the fourth quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company’s stock valued at $31,000 after purchasing an additional 162 shares during the period. Finally, Community Bank N.A. purchased a new stake in FirstCash in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Company Profile

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.